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GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is on the chart, and the price is inside the cloud, on D and W Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen, resistance from Senkou Span B – D Senkou Span A, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect support from the cloud’s upside border, and growth of the price.
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is moving downwards, Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen, inside Kumo. Short‑term forecast: we can expect support from Tenkan-Sen, resistance from D Tenkan-Sen – D Kijun-Sen, and decline of the price.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.